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Sold for $385,000 on 08/22/25
  • $385,000

    2886 N C #470, Lake Panasoffkee, FL 33538

    2beds
    1,086sqft
    Single Family Residence
    Built in 1978
    2.16 Acres Lot
    $371,300 Zestimate®
    $355/sqft
    $1,445 Estimated rent

    What's special

    Located in the heart of Lake Panasoffkee at the intersection of C-470 and County Road 414, this property offers a unique opportunity for waterfront residential development. With the potential to create up to 13 single-family lots along the canal front and outlet river, this site is perfect for transforming into a picturesque waterfront community.Currently, the property includes one home and one mobile home, both requiring TLC, along with three dilapidated mobile homes that need to be removed. The redevelopment possibilities are immense, allowing for the creation of a modern, inviting neighborhood that takes full advantage of the stunning waterfront views. County Road 414 provides direct access to a scenic walking bridge that overlooks the outlet and leads to Marsh Bend “Outlet” Park. This park is a local favorite, featuring a public boat ramp, walking trails, a beach volleyball court, picnic areas, fishing spots, grill stations, and a pet area, enhancing the appeal of this location for future residents. Discover the potential of this exceptional property and imagine the waterfront lifestyle it can offer. Call or email us today to explore all the development possibilities.

    Zillow last checked: 7 hours ago

    Listing updated: August 26, 2025 at 06:48am

    Listing Provided by:

    Robbie Shoemaker 352-303-6798,

    FLAMINGO REAL ESTATE & MNGMT 352-689-1000

    Bought with:

    Kody Ondriezek, 3602850

    FLAMINGO REAL ESTATE & MNGMT

    Source: Stellar MLS,MLS#: G5092914MLS LogoOriginating MLS: Lake and Sumter

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Features: Built-in Closet
    • Level: First
    • Area: 121 Square Feet
    • Dimensions: 11x11
    Primary bathroom
    • Level: First
    • Area: 35 Square Feet
    • Dimensions: 5x7
    Kitchen
    • Level: First
    • Area: 100 Square Feet
    • Dimensions: 10x10
    Living room
    • Level: First
    • Area: 100 Square Feet
    • Dimensions: 10x10
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Range, Refrigerator
    • Laundry: Other
    Features
    • Ceiling Fan(s)
    • Flooring: Other
    • Has fireplace: No
    Interior area
    • Total structure area: 1,488
    • Total interior livable area: 1,086 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Other
    Lot
    • Size: 2.16 Acres
    Details
    • Additional parcels included: F31E029
    • Parcel number: F31023
    • Zoning: RPUD
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Other
    • Foundation: Crawlspace
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & neighborhood

    Location
    • Region: Lake Panasoffkee

    HOA & financial

    HOA
    • Has HOA: No
    Other fees
    • Pet fee: $0 monthly
    Other financial information
    • Total actual rent: 0

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Road surface type: Paved
    Services availability